The Myth of Black “Buying Power"

[saturn7]

 

[EndDomination]

So you are all saying that we should not focus on economic empowerment within our community?

What are you trying to say and what are the solutions if any?

Wealth in the US is a function of government policy. We cannot become "economically empowered" in the US without state-help. At least in the sense that people are referring to it.

Even if all of the independently wealth Black capitalists in the US came together (remember, income inequality in the Black community is vastly wider than in the White community) we'd still be well short of where we need to be.

Reparations and governmental programs that don't undermine the Black community are a start.

 

[Emoryal]

More of a misunderstanding than a myth

 

[Sbp]

A separate currency system- this is pretty intuitive. you don't want to be using the dollar which makes it easier to manipulate via control of the greater American economy. A separate currency can still feel the affects of the American and world economy but there is more flexibility.

credit system- Every country borrows and so does it citizens and you don't want the Western credit systems to downgrade you to "junk." I believe Russia and China have started to implement their own system.

strong central banking- allows good monetary policy which would include the printing of money for strong social programs that would end up in the hands or to the benefit of the lower/middle class Africans and trickle to the wider diaspora

a manufacturing base- allows you to sell finished goods/products instead of relying on the commodities markets of oil, minerals, etc and importing from Asia/Europe

For African Americans, we need to go into banking and infiltrate the very institutions giving us bad loans, refusing to give us stimulus, etc

Our own cryptocurrency ????

 

[SouljaVoy]

Don't let the enemy deceive you, the Black Dollar is strong. Pooled Black Dollars together and on one accord is what they fear. Real Marcus Garvey type shyt.

 

[SouljaVoy]

For dumb nikkas like you who think circulating currency is going to destroy White supremacy and elevate Blacks as a whole out of impoverishment

It will promote economic growth in the Black community. Yes you have fools who will blow it, but the leaders will build their communities and create jobs & opportunity. Black folks gotta become self sustaining.